• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.1-29
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• 2009

As foreign investors' share holdings in Korean firms have dramatically increased since 1998 following the financial deregulation on the limit of foreign stock investment, the concern over the negative impacts the foreign investors would bring on the firms' financial policy has been growing too. Foreign investors were perceived to require the firms of excessive payments of cash dividends sometimes with threat of hostile takeover trials detering the firm from investing its cash flow in the physical facilities and RandD eroding their potential growth capabilities. We examine the impact of foreign investment on the firms' dividend policy using 234 listed firms' panel data over the sample periods of 1998 to 2005 employing various panel regression methodology. Foreign shareholders are found not to be related or even negatively related to the payout ratio(dividend/net income), but positively and statistically significantly related to the ratio of cash dividends to book of asset, negatively to the dividend yields. Considering the payout ratio is the most appropriate measure for the dividend payment, we can not support the arguments that the foreign investors' holdings have induced the excessive dividend level in Korean firms.

• Journal of Agricultural Extension & Community Development
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• v.23 no.2
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• pp.169-180
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• 2016

This paper assesses the role of informal institutions in determining risk preference among smallholders in Tigray, Ethiopia. We use data from a household survey conducted by the Institute of Poverty Alleviation and International Development (IPAID). We find that households which participate in Debo, an informal labor-sharing institution, or have a friend from whom they can receive help are less likely to be risk-averse. However, participation in Iddir, a traditional form of insurance, is not significantly associated with risk preference. Hence, the existence of social institutions that provide assistance and social connections through reciprocity may be affording security against risk beyond that brought by more monetary forms of insurance. Given the importance of risk attitude in mediating the adoption of improved agricultural production, a policy suggestion is to provide selected aid to households which are less risk-averse agricultural investors. Also, Debo as a labor-sharing institution may serve as a nexus for managing aid and knowledge sharing.

• Proceedings of the Korea Society for Industrial Systems Conference
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• 2003.11a
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• pp.657-671
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• 2003

정보화 사회에서 관광 웹 사이트는 그 지역의 가치가 있는 관광정보를 제공하고, 관광객을 유치하는 마케팅 도구로서 그 역할이 중요시되고 있다. 또한, 인터넷 정보 수용자는 관광 웹 사이트를 매개로 하여 그 지역에 대한 이미지를 갖게 되고, 점차적으로 일정한 태도를 형성하여 결국 관광지를 선택하는데 영향을 받는다고 볼 수 있다. 지방 자치 단체의 홈페이지에서 관광 홍보가 매우 중요하다. 그 이유는 첫째 인터넷 외에 지역의 관광정보를 여행하기 전에 입수하는 것이 매우 어려운 상황이고, 둘째로, 인터넷을 통한 관광 정보 탐색이 대중화되고 있기 때문이다. 정보탐색은 지속적 탐색이라 표현할 수 있는데 잠재적 관광객이 관광 홈페이지를 매개로 하여 그 지역의 대한 이미지를 갖게 되고 그에 따라 관광지 선택에 영향을 받는다고 볼 수 있다. 하지만, 광역자치단체의 웹사이트 상에서 관광정보를 구축하여 제공할 때에 정보 수용자 측면보다는 개발자 측면 중심으로 이루어진 경우가 많이 있다. 그래서, 막대한 재정적 투자를 통해 개발된 관광정보가 수용자의 욕구에 다소 못 미칠 수 있다. 이에 관광정보 수용자들의 정보탐색 요인을 파악하여 개발할 필요성이 대두되고 있다. 또한, 관광정보 요구자가 관광정보를 탐색할 때 그들의 특성에 따라 관광정보 웹 사이트를 평가하는 기준이 다르게 나타날 수 있다. 이를 기반으로 대학생들이 개인의 특성에 따라 웹 사이트의 평가에 미치는 영향에 대해 분석하고자 한다. 설문지법을 사용하여 전남 D대학교의 관광학 전공, 경영학 전공, IT(정보통신)학 전공 학생을 대상으로 총 90부를 설문조사 하였으며, 각 전공별 학생들을 컴퓨터 실습실에서 1시간 동안 전남도청 관광 웹 사이트를 탐색하게 한 후 설문지에 응답하는 방식을 사용했다. 개인의 특성에 따라서 관광정보 웹 사이트 수용도 에서는 유흥성향과 외향-내향성 성향이 관광정보 웹 사이트의 수용도에 영향을 미친다는 매우 유의하다는 결과를 도출 할 수 있었다. 웹 사이트의 특성에 따라서 관광정보 웹 사이트 수용도 에서는 탐색의 편리성, 정보의 충실성, 정보의 질이 관광정보 수용도 유의적이라는 결과를 도출했다. 하지만, 대고객 서비스에는 관광정보 웹 사이트 수용도에 대한 영향이 유의적이지 못한 결과를 보이고 있는데, 이를 위해서는 사용자에게 개별서비스 제공을 함으로서, 동영상이나 각종 사운드, 사용자 편의를 위한 관련정보 다운로드, 사용자를 고려한 부과서비스를 제공한다면 웹 사이트의 성과가 높을 것임을 기대할 수 있다.

• International Area Studies Review
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• v.16 no.3
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• pp.239-266
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• 2012

The purpose of this paper is to suggest desirable improvement for KRX derivatives market plagued with many problems in spite of its world level of quantitative growth. In order to try to find desirable improvement for KRX derivatives market which has many problems like that, I suggest various ways of improvement for regulatory system in the future in terms of behavioral regulation for investor protection. First of all, in order to relieve speculative tendency of trading, KOSPI200 option market with ATM-oriented option trading needs to be induced from the market in which OTM-oriented option is now trading. So discount or exemption of brokerage fee for ATM trading and the introduction of market-maker for ATM type can be considered. For the protection of individual investors, we suggest feasible plans such as differential regulation between professional and individual investors, consolidation of basic deposit management, and enlargement of opportunities for risk management education & simulation trading.

• Journal of Industrial Convergence
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• v.21 no.9
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• pp.133-142
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• 2023

The use of digital information technology has become important in order to effectively respond to changes in production conditions in Korean agriculture, which are continuously worsening due to a decrease in the rural population, deepening aging, and climate change. Accordingly, this study analyzed the factors affecting farmers' adoption of information devices use and the effect of information devices use on agricultural product sales using the propensity score matching method. As a result of the analysis, it was found that low-age farmers, high-education farmers, and leading farmers are highly likely to adopt use of information devices. For farms with similar characteristics such as age, management size, and farming type, it has been confirmed that farms that have adopted information devices use in agricultural management have higher sales of agricultural products. Therefore, increasing farmers' access to information and the ability to use information devices provides implications that farm income can be improved. The government's informatization support project in the agricultural and rural sectors is important so that farmers can have the ability to distribute informatization devices and utilize agricultural information, and active investment should also be made in information infrastructure.

• The Korean Journal of Financial Management
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• v.10 no.1
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• pp.249-280
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• 1993

Recent financial theory views insurance policies as financial instruments that are traded in markets and whose prices reflect the forces of supply and demand. This article analyzes individual's insurance purchasing behavior along with capital market investment activities, which will provide a more realistic look at the tradeoff between insurance and investment in the individual's budget constraint. It is shown that the financial economic concept of insurance cost should reflect the opportunity cost of insurance premium. The author demonstrates the importance of riskless and risky financial assets in reaching an equilibrium insurance premium. In addition, the paper also investigates how the investment income could affect the four established theorems on traditional insurance literature. At the present time in Korea, the price deregulation is being debated as the most important current issue in insurance industry. In view of the results of this paper, insurance companies should recognize investment income in pricing their coverage if insurance prices are deregulated. Otherwise. price competition may force insurance companies to restrict coverage or to leave the market.

• Journal of Distribution Research
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• v.8 no.1
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• pp.1-19
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• 2003

Given the recent trend in business markets to seek and conscientiously develop long-term relationships, it has become increasingly important to understand why such long-term relationships are developed and how they are maintained. Despite their obvious importance, the antecedent conditions and processes of long-term relationships between industrial buyers and suppliers have not been systematically studied. In this research, I report a study of the antecedents of industrial buyer-seller relationships and the relational performance. What kinds of factors contribute to the development of long-term relationships\ulcorner How do these factors influence the corporate performance in the business markets\ulcorner The primary motivation of this study was drawn from an interest in answering these research questions. Managerial implications of the study results are also discussed.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.26 no.2
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• pp.523-531
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• 2016

This paper studies the empirical relationship between various privacy protection measures and personal information invasion experience of firms and individuals using rich and heterogeneous survey data. By analyzing PSM models. we get the following results: first, the treatment group which have more technical measures and/or IS investment tends to experience more privacy invasion than the control group which have less of them. second, the reverse causality, that is firms and individuals with more experience of privacy invasion tends to take more measure for personal information protection, is found to exist. From these result, we discuss proper privacy policies implications in respects of attackers benefits and individual irrationality.

• The Journal of the Korea Contents Association
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• v.20 no.8
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• pp.338-349
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• 2020

This study was conducted to find ways to expand investment and seek cooperation measure in Cambodia. It is located on the Indochina Peninsula in East Asia, and has historically suffered a lot from social systems and politics. It is a politically constitutional monarchy and shows a neutral tendency in the form of a non-alliance of pro-Westernism. Cambodia recently recorded a high growth rate due to the economic liberalization promoted since the mid-1980s. It is also emerging as the next generation production base in Southeast Asia. The diplomatic relationship, which had been temporarily suspended with Korea, was resumed in 1997. Since then, it has been conducting mutual trade and exchange. Therefore, this study which is as unfamiliar and infrequent looked at Cambodia's economy, trade trends and support plan. In addition, various development possibilities were considered. In particular, in-depth research was conducted on local entry methods and participating projects. First of all, it was devised various ways to expand investment and human exchange, diversify public-private relations, and enter the logistics, distribution, and infrastructure projects directly. As such, this study was developed to serve as a basis for contributing to a part of the research on Cambodian economy and trade in the future.

• Journal of Digital Convergence
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• v.17 no.8
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• pp.81-88
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• 2019

This study suggests the ways to promote the technology startups founded by professor, who differs from student or researcher in social status, risk-taking tendency, and motivation. Literatures were reviewed to understand the advantage of faculty's tech start-up, foreign cases, and related researches. In addition, key stakeholders were interviewed. The study shows that domestic faculty entrepreneurship is currently in infant stage while facing obstacles in institutional, financial and practical aspects. In order to promote faculty entrepreneurship, the study suggests that university and professor set up the benefit sharing structure in advance, that the public sector establishes a holding company or investment fund dedicated to support a faculty startup, that proactive effort be made to attract passive professors to the startup world, and that private companies join faculty startups in the process of concept proofing and product commercialization. The study is expected to provide government, university, and industry with practical implication in promoting faculty startup.